Clay Northam Wealth Management

CRD#159002
Investment Advisor Firm

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Learn more about Clay Northam Wealth Management

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Clay Northam Wealth Management is a financial advisory company based in Long Beach, California. Clay Northam Wealth Management administers $197.9 million in total assets across 1,036 client accounts, making it a mid-tier firm in the United States by assets under management (AUM). The firm has a small group, including 2 financial advisors. Clay Northam Wealth Management is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like options, stocks and bonds.

    Clay Northam Wealth Management oversees all of the firm's client assets on a discretionary basis. Discretionary management means that transaction judgments for the client's account are made by an investment advisor without requiring the customer's approval. Clay Northam Wealth Management supervises roughly $191,032 in assets for every account. An average financial advisor at Clay Northam Wealth Management manages around 518 client accounts.

    The firm's headquarters is at 6700 E. Pacific Coast Highway, Long Beach, California 90803. The firm is permitted to provide services to clients across a number of states, including California, Colorado and Texas.

    Assets Under Management

    $197.9 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    6700 E. Pacific Coast Highway
    Long Beach, CA 90803

    Clay Northam Wealth Management by the Numbers

    Total Assets Under Management

    $197.9 million

    National Average: $8.6 billion
    Total Number of Employees

    2

    National Average: 64
    Total Number of Accounts

    1,036

    National Average: 375,227
    Average Account Size

    $191.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    Clay Northam Wealth Management provides multiple financial services, including financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior fiscal year, it provided 11-25 of its accounts with financial planning services. It does sell products or offer services other than investment advisory services to its clients.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors typically are based on which services the firm provides the client. However, fees billed by the firm typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Clay Northam Wealth Management.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company caters to retail investors and high net worth investors. Out of its 1,036 accounts, Clay Northam Wealth Management's biggest client group is retail investors, but it also caters to 76 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 20.49%
    • Other Individuals - 79.51%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Clay Northam Wealth Management does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Clay Northam Wealth Management

    Brian Clay
    El Segundo, CA
    Darren Northam
    Long Beach, CA

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